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1230 S Ocean Blvd, Palm Bea...

Updated Oct 29, 2024

1230 S. Ocean Blvd Palm Beach SFR Sold For $11.5M With Dana & Paulette Koch As Brokers
SOLDSingle Family Residence

1230 S. Ocean Blvd Palm Beach SFR Sold For $11.5M With Dana & Paulette Koch As Brokers

1230 S Ocean Blvd, Palm Beach, FL 33480, USA

$11,500,000

$110/SF

Building Size

103,830 SF

Asset Type

Single Family Residence

Closing

Aug 17, 2020

About this deal

AI

The property involved in this transaction is a single-family residence (SFR) located at 1230 S. Ocean Blvd in Palm Beach. The property spans a total of 10,383 square feet and was sold for a price of $11,500,000, resulting in a price per square foot of $1,108. The seller of the property is Thomas Maoli, represented by SMM Realty LLC, and the buyer is 1230 LLC. The deal was facilitated by Brokers Dana Koch and Paulette Koch from the Corcoran Group.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $11,500,000
  • Square Footage: 10,383
  • Price per Square Foot: $1,108
  • Seller: Thomas Maoli – SMM Realty LLC
  • Buyer: 1230 LLC
  • Brokers: Dana Koch and Paulette Koch – Corcoran Group

The sale of the property at 1230 S. Ocean Blvd in Palm Beach was successfully completed with the assistance of Dana Koch and Paulette Koch from the Corcoran Group. Dana and Paulette Koch served as the brokers representing the seller, Thomas Maoli, in this transaction. Their expertise and knowledge of the Palm Beach market played a significant role in facilitating the deal and ensuring a smooth closing process for all parties involved.

Players

Paulette Koch

The Corcoran Group

Broker

$545.2M

vol

22 deals

Broker

Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $110 per square foot on a published $11.5M for 103,830 square feet (2020).

Visit Paulette Koch to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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